April 10, 2025 - 09:45
NEW YORK & DALLAS, April 10, 2025—In a significant move within the real estate market, Blackstone Real Estate has announced its agreement to acquire a 95 percent stake in a substantial industrial portfolio developed by Crow Holdings for a total of $718 million. This acquisition marks a strategic expansion for Blackstone's Core+ funds, which focus on high-quality assets.
The portfolio encompasses 25 Class A buildings, collectively offering an impressive 6 million square feet of industrial space. These properties are strategically situated in high-demand areas, catering to the growing needs of logistics and distribution. Crow Holdings, along with its partners, will retain a 5 percent ownership stake in this robust portfolio, ensuring their continued involvement in the project's success.
This transaction highlights the ongoing trend of investment in industrial real estate, driven by the increasing demand for efficient supply chain solutions and e-commerce growth. As major players like Blackstone continue to invest in such assets, the industrial sector remains a focal point for future developments and returns.
